FIs seek investment in infra, farm sectors

Financial institutions on Friday asked for more measures to increase investment in infrastructure and agriculture to spur growth in the economy, in addition to tax breaks. Finance minister Pranab Mukherjee held an extensive pre-budget meeting with financial sector regulators like Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority (Irda) and Securities and Exchange Board of India. Leading bank and financial institution honchos were also present at the meeting, where they mooted dilution of government stakes in public enterprises. All of us were of the consensus that this is the time to promote growth in the country ...

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